since russia defaulted on its debt in 1998. >> at times like this when volatility is so high, our top priority is serving our clients needs. if they can't make payments, panic will break out. right now, things are painful for people, but at least they can make payments and that is crucial. >> the currency collapse, despite the central bank has dramatic intervention at midnight when a raise rates to 17%. that failed to halt the slide. the hike in -- the hike in interest rates seem to accelerate the ruble's all. it has lost half its value since the summer. >> of course this is worrying, but this is russia, what can i add? we are not protected and that is that. >> it affects those who still have something to protect.